Property Description
SECURE INCOME STREAM
- 15-Year Absolute NNN Lease with Over 10 Years Remaining, No Landlord Responsibilities
- Rare 1.5% Annual Increases, 20+ Year Operating History at this Location
- Corporate Guaranteed Lease from Brinker International, Inc. (NYSE: EAT)
- $3.34 Billion in Revenue (2021), an 8.4% Year Over Year Growth
- Brinker’s 2022 Revenue of $3.8B is a 12.97% Increase Over 2021
- #2 Ranked Chili’s Nationwide, #1 Ranked Chili’s in Texas (Placer.ai)
- 477.7K Visitors in 2022 (Placer. ai)
PROXIMITY
- 264,630 Residents in Primary Trade Area
- Excellent Access and Visibility to 30,722 Cards/Day Along Major Retail Corridor
- $92,643 Average Household Income in a 1-Mile Radius
- High-Growth Market, Population Increased 14% Since 2010
- 315,279 Day Population, Boosted by Daily Cross Border Traffic from Mexico (5 Miles)
- Minutes to South Texas College – Pecan Campus (28,184 Students / 2,654 Employees) and University of Texas Rio Grade Valley (29,000 Students /4,887 Employees)
- Surrounded by Several K-12 Schools with 21,602 Combined Students
- Hidalgo County is the 8th Largest County in Texas with 800,000 Residents
- McAllen is Designated as a Foreign Trade Zone, Established as Major Hub for International Trade and Distribution
South Texas Accounts for $84.8B of State’s GDP (2020)
